MCU14/0106 Appendix J - Retail Needs Assessment

4.12        ESTIMATED RETAIL TURNOVER PERFORMANCE
The estimated retail turnover performance of the centres outlined in this section are displayed in Table
4.6 below. Noosa Civic turnover information is actual data for the 2014 financial year provided by QIC,
while the turnover of all other centres has been derived by applying product group specific estimated
trading levels to the provision of retail floorspace, as estimated in Urbis’ Land Use Survey.

The centres presented in the body of the report relate to broader activity centre designations where these
exist, such as the Noosa Junction Business Centre. The estimated turnover, distribution of trade and
market shares outlined in the following tables include all of the key centres that are included within this
centre – that is Noosa Fair, Noosa Junction and Suntop Plaza Shopping Centres – as well as the strip
shops that are within this activity centre.


Estimated Retail Trading Performance, 2014
KEY ACTIVITY CENTRES AND LOCATIONS ($2014, INC GST)                                                                                  TABLE 4.6
                                                     Food                           Non-Food                                   Total
                                          GLA 1       Turnover 2              GLA 1    Turnover 2                   GLA 1        Turnover 2
                                          Sq.m        $M    $psm              Sq.m     $M    $psm                   Sq.m         $M    $psm
Noosa Civic                                 5,106       60.0 11,751            16,061        86.6     5,392          21,167      146.6     6,926
Noosaville 3                              14,800         135     9,107         29,200        156      5,359          44,000        291     6,620
Noosa Junction                              9,400       99.4 10,572             8,900        52.9     5,945          18,300      152.3     8,322
Hastings Street                             6,500       60.1     9,239          6,000        51.1     8,523          12,500      111.2     8,895
Quamby Place (Noosa Heads)                  1,700       10.8     6,335            200         1.0     4,800           1,900        11.7    6,173
Tewantin 4                                  6,600          60    9,087          3,900          22     5,647          10,500          82    7,809
Sunshine Beach (Duke Street)                1,600       13.1     8,179            300         2.2     7,238           1,900        15.3    8,031
Sunrise Shops                                 500         4.2    8,400            100         0.4     3,975              600        4.6    7,663
Coolum 5                                  10,300         119 11,557             6,200          37     6,037          16,500        156     9,483
Peregian Beach                              2,000       18.0     9,017          1,300         8.2     6,286           3,300        26.2    7,941
Peregian Springs Local Centre               3,500       29.7     8,474            700         4.4     6,272           4,200        34.1    8,107
Cooroy                                      3,900       44.6 11,432             4,600        19.1     4,142           8,500        63.6    7,487
Pomona                                      2,800       20.1     7,187          1,700         7.9     4,652           4,500        28.0    6,229
Kin Kin                                          0        0.0          -          400         1.2     2,925              400        1.2    2,925
Cooran                                        200         1.4    7,000            200         0.8     4,230              400        2.2    5,615
Eumundi                                     1,400       11.9     8,489          1,000         6.6     6,606           2,400        18.5    7,705
Maroochydore PRAC                         34,300       347.4 10,127          125,600       751.6      5,984        159,900 1,099.0         6,873
Nambour                                   15,200       121.8     8,016         28,000      111.6      3,987          43,200      233.5     5,405
Total                                   119,806        1,156     9,650       234,361       1,322      5,639        354,167       2,478     6,996
1. GLA based on Urbis retail definition.
2. Year ending June 2014.
3. Noosaville includes the riverside and Mary Street/Thomas Street Precinct, the Industrial Zoned land, Weyba Road, Noosa Bushlands and undefined.
4. Tewantin includes the Tewantin Town Centre, Marina, Earl Street Neighbourhood Centre and Noosa Outlook.
5. Coolum includes Coolum Beach, Coolum West and Coolum South
Source : QIC ; Urbis




Combined, the total turnover of the listed centres in this retail needs assessment is approximately $2.48
billion, of which $1.16 billion and $1.32 billion is derived from food and non-food retail floorspace
respectively. This turnover represents an average turnover per square metre rate of approximately
$6,991.

Productivity rates for those centres that incorporate a major and/or full line supermarket are higher than
those centres that do not, which highlights the overall strength of the supermarkets within the main trade
area. Similarly, those centres that have a strong food catering offer, such as Hastings Street and
Noosaville, also experience higher productivity rates




URBIS
NOOSA CIVIC - RETAIL NEEDS ASSESSMENT DEC 2014 MASTER - FINAL                                                 CENTRE ROLES AND USAGE PATTERNS        59